In August 2019, there were 38 homes sold, with a median sale price of $527,500 - a 4.5% increase over the $504,950 median sale price for the same period of the previous year. There were 45 homes sold in Olney in August 2018.
The median sales tax in Olney for the most recent year with available data, 2016, was $5,392, approximately 1% of the median home sale price for August 2019.
The following table compares Olney to other Montgomery County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Silver Spring | 49 | 68 | -27.9% | $580,000 | $525,000 | 10.5% |
| Washington Grove | 1 | 0 | - | $560,000 | $0 | - |
| Clarksburg | 15 | 18 | -16.7% | $535,000 | $442,500 | 20.9% |
| Hillandale | 3 | 3 | 0% | $533,500 | $500,000 | 6.7% |
| Rockville | 74 | 55 | 34.5% | $529,500 | $542,000 | -2.3% |
| Olney | 38 | 45 | -15.6% | $527,500 | $504,950 | 4.5% |
| Colesville | 26 | 31 | -16.1% | $517,500 | $480,000 | 7.8% |
| Cloverly | 8 | 11 | -27.3% | $504,950 | $450,000 | 12.2% |
| Gaithersburg | 57 | 83 | -31.3% | $489,900 | $540,000 | -9.3% |
| Aspen Hill | 42 | 55 | -23.6% | $465,950 | $427,000 | 9.1% |
| Derwood | 18 | 22 | -18.2% | $464,900 | $502,250 | -7.4% |
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